- Vinod Khosla says AI ought to have a “vastly deflationary” impact on the financial system over 25 years.
- “Present measures of GDP and the financial system might be much less related,” Khosla wrote in an X submit.
- “However items and companies ought to be in nice abundance,” he continued.
Billionaire and early OpenAI backer Vinod Khosla says he expects AI to vary the worldwide financial system basically.
“AI ought to be vastly deflationary over twenty-five years,” Khosla wrote on X on Monday.
“Capital ought to be scarce for some time, present measures of GDP and the financial system might be much less related, however items and companies ought to be in nice abundance,” he continued. “The important thing query is what are the appropriate measures and the appropriate questions.”
Khosla was one in all OpenAI’s early backers. His enterprise capital agency invested $50 million into the corporate in 2019, the most important funding ever made within the agency’s 15-year historical past.
The 68-year-old investor has typically expounded on the alternatives and dangers that include AI. On December 12, Khosla advised attendees at Fortune’s Brainstorm AI convention that AI wasn’t the world’s nice menace.
“The doomers are specializing in the unsuitable dangers. By far, orders of magnitude, greater threat to fret about, is China, not sentient AI killing us off,” Khosla mentioned.
Khosla is not alone in forecasting the dramatic financial impacts that AI may carry.
When Elon Musk unveiled Tesla’s AI robotic Optimus final 12 months, he predicted that the financial system may turn into “quasi-infinite” if Optimus had been able to handbook labor.
“This implies a way forward for abundance. A future the place there isn’t a poverty, the place you would have no matter you need when it comes to services and products,” Musk advised the viewers.
“It truly is a basic transformation of civilization as we all know it,” he continued.
Representatives for Khosla didn’t instantly reply to a request for remark from Enterprise Insider despatched exterior common enterprise hours.
